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20121222
20121222
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withholding up an agreement on the fiscal cliff. back to you in new york. thank you, peter. and if congress can't make that deal, taxes for every single american all of you watching this morning will go go up on january 1st. here to tell us how much they will go up economic editorial writer for the "wall street journal" author of who is the fairest of them all. the truth about opportunity, taxes and wealth in america. stephen moore. stephan, you are the bearer of bad news this morning. how much are our taxes going to get hit in just two weeks? >> well, good morning, guys. merry christmas. you though, this is an unbelievable situation because it's been, what, five or six weeks since the election. abc it's amazing that they are still as far apart today from getting a deal as they were when we first started talking about this. if we do go over the cliff. by the way i agree with peter. i still there is a slim chance at getting something done next week before new year's eve. but if we don't get that deal, we're talking about a very major tax increase. not just on people like warren buffet and bi
. >>> the january 1 deadline to reach a deal on the fiscal cliff is closing in. the president and congress remain just as divided. here i am. and now they're geographically divided, too. cnn's emily schmidt is in the nation's capital this morning. so president obama's in hawaii. house speaker john boehner and other lawmakers have gone home for the holidays. what does all this mean for the chance of getting a deal done before the deadline? >> reporter: no doubt that president obama went to a warmer climate with the weather and probably a warmer climate politically. if there's any negotiating that will be done now, it will have to be done long distance for the next few days. we know that speaker boehner and president obama spoke in washington yesterday before they left. but when you hear their final words to reporters, it shows there is a continued public divide. >> the president and senate democrats have vowed to reject and veto all of our proposals while failing to offer responsible solutions of their own. but the president has -- what the president has offered so far simply won't do anything to
what's the deal with the fiscal cliff? coming up, "weekends with alex witt."
Search Results 0 to 2 of about 3

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